HP Inc plunges after printer business underwhelms
Nov 26, 2015 at 10:58 | Source:
Shares of HP Inc, which houses former Hewlett-Packard Co's legacy hardware business, plunged 16.3 percent on Wednesday after the company's lackluster results fueled concerns about its ability to weather a slowdown in the printer and PC markets.HP Inc...
Gold near multi-year lows as U.S. data supports rate hike view| Reuters
Nov 26, 2015 at 06:45 | Source:
SINGAPORE Gold hovered close to its lowest in nearly six years on Thursday, as the dollar held at multi-month highs and U.S. economic data reinforced market expectations of an interest rate hike this year.FUNDAMENTALS* Spot gold XAU= was little chang...
Euro in the doldrums on ECB easing views| Reuters
Nov 26, 2015 at 04:45 | Source:
SYDNEY The euro remained shaky early on Thursday, having slid to its lowest in over seven months on the prospect of further policy stimulus from the European Central Bank (ECB).ECB officials told Reuters they are considering options such as whether t...
Euro off as ECB seen easing further; Wall Street ends flat| Reuters
Nov 26, 2015 at 04:15 | Source:
NEW YORK The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash.The gr...
Dollar rises on manufacturing data, holds off euro rebound | Reuters
Nov 26, 2015 at 02:45 | Source:
NEW YORK The dollar rose on Wednesday, holding near multi-month highs against a basket of currencies as the latest batch of U.S. economic data continued to support views the Federal Reserve will raise interest rates in December. Manufacturing output ...
EU strikes deal on rules to prevent rigging of market benchmarks| Reuters
Nov 26, 2015 at 02:30 | Source:
BRUSSELS European Union negotiators reached a preliminary agreement on Wednesday on new rules to stop the rigging of market benchmarks, after attempted manipulation of the Libor and Euribor interest rates indexes by banks.The EU executive arm had pro...
Gold drops on dollar rebound after strong U.S. data| Reuters
Nov 26, 2015 at 02:15 | Source:
NEW YORK/LONDON Gold prices dropped on Wednesday, hovering just above the lowest level in nearly six years on pressure from a rebounding dollar after strong U.S. economic data heightened expectations of an interest rate hike from the Federal Reserve ...
U.S., Brent crude futures turn positive as market closes| Reuters
Nov 26, 2015 at 01:45 | Source:
NEW YORK U.S. and Brent oil futures turned positive in late trade on Wednesday after being down for most of the day, as traders covered short positions ahead of the U.S. Thanksgiving holiday on Thursday. (Reporting By Edw...
Euro falls; strong dollar weighs on oil| Reuters
Nov 26, 2015 at 01:30 | Source:
NEW YORK The dollar gained and the euro fell as far as a seven-month low on Wednesday following a Reuters report that the European Central Bank is weighing further easing monetary policy soon, including buying more debt and charging banks for hoardin...
Wall Street clings to meagre gains ahead of Thanksgiving| Reuters
Nov 26, 2015 at 00:30 | Source:
Wall Street held onto meagre gains in subdued trading on Wednesday, underpinned by healthcare and consumer stocks after a flood of data suggested the U.S. economy was growing modestly.The data left intact expectations that the Federal Reserve will ra...
Bain selling Hero MotoCorp shares worth up to $116 million - IFR| Reuters
Nov 26, 2015 at 00:15 | Source:
U.S. private equity firm Bain Capital is selling shares in Hero MotoCorp Ltd, the world's largest seller of motorcycles and scooters, to raise as much as $116 million, IFR reported, citing a person close to the deal.Bain launched the deal to sell 2.9...